Following the November WASDE released last Friday, the market's attention was primarily focused soybeans and USDA's increased yield and production estimates. Increased soybean production estimates from USDA were generally expected, but the magnitude of the increases -- 1.5 bushels per acre and 111 million bushels -- even caught the soybean bears off guard. The pre-report expectations and the surprisingly large increase in estimated U.S. soybean production resulted in the flight of non-commercial money from the soybean market. Since one week ago today (6 November) CME's January soybean contract has lost about $1.20. With soybean prices plummeting, there had to be an impact of corn prices as well, and at this writing, the December corn cont...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.